2016-11-08T08:55:30-06:00 2016-06-30 221478099 COHNREZNICK LLP 350 Church Street 12th floor Hartford CT 06103 990 2015-07-01 237168186 CHASE COLLEGIATE SCHOOL INC CHAS 2032369500 565 Chase Parkway Waterbury CT 06708 Matthew Piechota CFO/Business Manager 2032369500 2016-11-01 1 JOHN TOSCANO P00358542 9592007000 2015 2017-02-10 21:41:12Z Matthew Piechota 565 Chase Parkway Waterbury CT 06708 15829900 0 X X 1865 CT CHASE COLLEGIATE SCHOOL IS A CO-EDUCATIONAL INDEPENDENT DAY SCHOOL FOR STUDENTS IN PRE-K THROUGH GRADE 12. 17 17 137 200 3073 -647 1740673 1429614 10828358 9309563 758198 -28365 140865 -28663 13468094 10682149 3224969 2084643 0 0 6626762 6218623 0 0 475424 3815631 3735754 13667362 12039020 -199268 -1356871 34382074 32412730 14933211 14755194 19448863 17657536 TO EDUCATE TOMORROW'S LEADERS AND INSPIRE IN EACH STUDENT A LIFE LONG PASSION FOR LEARNING, PERSONAL ACHIEVEMENT, AND CONTRIBUTION TO THE COMMUNITY. 0 0 9677896 2084643 9335725 CHASE COLLEGIATE SCHOOL IS A CO-EDUCATIONAL INDEPENDENT DAY SCHOOL FOR STUDENTS IN PRE-K THOURGH GRADE 12. THERE WERE 288 STUDENTS ENROLLED IN THE 2015-2016 SCHOOL YEAR. 9677896 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 46 0 1 137 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MATTHEW R PIECHOTA CPA 2032369582 565 Chase Parkway Waterbury CT 067083394 Anne Briglia Treasurer 10.00 X X 0 0 0 Anupam Bhargarva Trustee 2.00 X 0 0 0 Carlos Rodrigues Trustee 2.00 X 0 0 0 Dede Chirgwin Brown Trustee 2.00 X 0 0 0 Diana E Smith Secretary 10.00 X X 0 0 0 Dr James Nardozzi Trustee 2.00 X 0 0 0 Dr Steven Minkler VICE-CHAIR 10.00 X X 0 0 0 Fern Feldman Trustee 2.00 X 0 0 0 Hiram Upson Trustee 2.00 X 0 0 0 Janet Hartwell TRUSTEE 2.00 X 0 0 0 John S Pronovost BOARD CHAIR 10.00 X X 0 0 0 Judith Kellogg Rowley Trustee 2.00 X 0 0 0 Kevin Grimes Trustee 2.00 X 0 0 0 Lisa Moisan Trustee 2.00 X 0 0 0 Margaret D Smith Trustee 2.00 X 0 0 0 Oris Dunham TRUSTEE 2.00 X 0 0 0 Robert Garthwait Jr Outgoing Trustee 2.00 X 0 0 0 Terry Bushka TRUSTEE 2.00 X 0 0 0 Polly Parker Head of School 60.00 X 296867 0 66905 Matthew Piechota Business Manager/CFO 50.00 X 108032 0 34257 JASON LEWIS Head of Middle & Lower School 50.00 X 118106 0 40351 Kyle Kahuda Head of Upper School 50.00 X 105820 0 64202 628825 0 205715 4 0 1 0 FRANK CAPASSO & SONS INC 1003 MIDDLETOWN AVE NORTHFORD CT 06472 CONSTRUCTION AND PAVING 418458 SSC SERVICES SOLUTIONS PO BOX 417632 BOSTON MA 02242 Janitorial & MAINTENANCE SERVICES 375461 2 81450 1348164 201033 1429614 Tuition and Fees 611710 9260454 9260454 other activities 611710 24671 24671 Summer Programs 611710 13200 13200 Extended day program 611710 11238 11238 9309563 274121 274121 54037 0 54037 54037 54037 4685025 500 4944255 43756 -259230 -43256 -302486 -302486 38946 81450 150881 -111935 -111935 6877 8859 -1982 -1982 Miscellaneous Income 611710 28144 28144 Catering Revenue 722320 3073 3073 31217 10682149 9335725 3073 -86263 2084643 2084643 509396 88131 403639 17626 4241931 3712015 238716 291200 246767 217154 17274 12339 861891 675856 144618 41417 358638 315601 25105 17932 26350 26350 22000 22000 28966 28966 830294 592294 200944 37056 97010 21895 64974 10141 98988 19699 43353 35936 93687 23422 70265 333215 258743 74472 41570 26347 5873 9350 501135 375851 125284 864163 691330 172833 89545 71636 17909 KITCHEN COSTS 155138 155138 OTHER ADMINISTRATIVE 138913 43266 95647 SUPPLIES 99209 86358 12851 OTHER INSTRUCTIONAL 94387 66557 25403 2427 221184 151960 69224 12039020 9677896 1885700 475424 3104044 2103612 1231601 1237538 815596 603380 806299 1705920 67735 37368 17394 24726 141559 103999 28497955 13616964 15071360 14880991 12046600 11006340 847689 491934 232197 216922 34382074 32412730 314402 147623 3619931 4190189 9455044 9219133 631221 431613 912613 766636 14933211 14755194 X 10084447 8879131 2493713 1539843 6870703 7238562 19448863 17657536 34382074 32412730 X -1356871 -419181 -15275 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12894289 560240 -435129 167705 1353421 11498274 14101941 740935 -63421 153578 1731588 12894289 11984785 1843368 1969073 202581 1492704 14101941 10928377 281836 1446184 122722 548890 11984785 11236126 393368 -166785 114366 419966 10928377 0.32100 0.57700 0.10200 0 0 1870000 1870000 22541009 10494696 12046313 4078850 3122268 956582 8096 8096 14880991 ACCRUED PAYROLL 393090 ACCRUED TAXES AND EXPENSES 333535 CUSTODIAL LIABILITIES 40011 766636 X 8279142 -419181 -2099918 -2519099 10798241 28747 -144839 -116092 10682149 10070469 144839 144839 9925630 28747 2084643 2113390 12039020 Part V, Line 4: THE ENDOWMENT SUPPORTS GENERAL OPERATING EXPENSES INCLUDING TEACHER SALARIES, FINANCIAL AID, AND FACILITIES MAINTENANCE. Part X, Line 2: The School's Federal information returns prior to fiscal year 2013 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If the School had unrelated business income taxes, it would recognize interest and penalties associated with any tax matters as part of the income tax provision and include accrued interest and penalties with the related tax liability in the statements of financial position. Part XI, Line 2d - Other Adjustments: financial aid -2,084,643. change in value of charitable remainder trust -15,275. Part XI, Line 4b - Other Adjustments: cost of goods sold -8,859. special events expenses -135,980. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 8,859. SPECIAL EVENTS EXPENSES 135,980. Part XII, Line 4b - Other Adjustments: FINANCIAL AID 2,084,643. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 some advertisements in newspapers, magazines, the school newspaper and handbook, etc. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 INVESTMENTS INCLUDED IN THE SCHOOL'S ENDOWMENT PORTFOLIO 492000 0 0 0 0 0 0 492000 0 492000 0 0 0 0 0 0 holiday bazaar 15986 10000 5986 3298 3144 150 ANNIVERSARY 104410 71450 32960 19401 125038 120396 81450 38946 19401 3298 128182 150881 -111935 1 financial aid, scholarships & discounts 182 2084643 cash value reduced tuition Part I, Line 2: Financial Aid is based on the Report of Family Contribution (RFC) generated by SSS and meets a percentage of need as estimated in the RFC. X X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 1 0 Polly Parker Head of School 242414 0 37426 0 17027 0 14841 0 52064 0 363772 0 0 0 JASON LEWIS Head of Middle & Lower School 117842 0 0 0 264 0 8787 0 31564 0 158457 0 0 0 Kyle Kahuda Head of Upper School 105581 0 0 0 239 0 7403 0 56799 0 170022 0 0 0 Part I, Line 1a PER THE TERMS OF HER EMPLOYMENT AGREEMENT, THE HEAD OF SCHOOL IS REQUIRED TO RESIDE IN CAMPUS PROPERTY WHICH SERVES AS THE HEAD OF SCHOOL'S PRIMARY RESIDENCE. A VALUE IS INCLUDED AS A NONTAXABLE BENEFIT IN TOTAL REPORTABLE COMPENSATION. Part I, Line 7 the HEAD OF SCHOOL and chief financial officer RECEIVED BOARD APPROVED BONUSes FOR CALENDAR YEAR 2015. PART 1, LINE 1A: THE HEAD OF SCHOOL RECEIVED A tax indemnification PAYMENT per the terms of her employment agreement. THE ENTIRE AMOUNT OF THE payment WAS TREATED AS TAXABLE COMPENSATION, PROPERLY REPORTED ON AN IRS FORM W-2 AND INCLUDED IN THE COMPENSATION AMOUNT REPORTED IN THIS FORM 990. A connecticut health and education 20774UMC6 2007-06-07 11295658 CONSTRUCTION AND DEBT RETIREMENT 0 0 0 A 1780658 11295658 720540 221200 363623 5810398 4179897 2008 0 0 1 1 A 0 0 1 1 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 2 201033 FMV 0 0 1 Part I, Column (b): THE AMOUNT IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. Part I, Line 32b: the school liquidates all stock gifts via an account held by a financial institution. Form 990, Part VI, Section B, line 11 FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF THE CHAIR OF THE BOARD, THE VICE CHAIR, THE SECRETARY AND THE TREASURER, WHO IS ALSO THE CHAIR OF THE FINANCE COMMITTEE. FORM 990 IS THEN MADE AVAILABLE TO THE FULL BOARD FOR REVIEW BEFORE FILING. Form 990, Part VI, Section B, line 12c THE POLICY REQUIRES A STATEMENT TO BE SIGNED ANNUALLY BY ALL TRUSTEES. Form 990, Part VI, Section B, line 15a THE COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY A HEAD EVALUATION, SUPPORT and compensation COMMITTEE. THE COMMITTEE HIRES OUTSIDE CONSULTANTS AND PERFORMS STUDIES TO RECOMMEND WHAT THE PROPER COMPENSATION FOR THE HEAD OF SCHOOL SHOULD BE to remain consistent within the industry. THE HEAD OF SCHOOL DETERMINES THE ADMINISTRATORS' COMPENSATION USING COMPARABILITY DATA FROM NAIS AND FROM COMPARABLE SCHOOLS LOCATED IN CONNECTICUT. THE HEAD THEN WORKS WITH THE BUSINESS MANAGER AND THE SUPERVISORY ADMINISTRATORS TO ASSIGN SALARIES FOR THE REMAINING EMPLOYEES OF THE SCHOOL. Form 990, Part VI, Section C, line 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. Form 990, Part XI, line 9: change in value of beneficial interest in charitable remainder trust -15,275. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES MADE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESSes DURING THE TAX YEAR.